125,49
Section
49. 560.07 (9) of the statutes is amended to read:
560.07 (9) On or before July 1, 1985, and every July 1 thereafter, submit to the chief clerk of each house of the legislature, for distribution to the appropriate standing committees under s. 13.172 (3), a Include in the report stating the net jobs gain due to required under s. 560.01 (2) (am) an assessment of the nationwide business development promotion activities conducted by Forward Wisconsin, Inc., with the funds provided to Forward Wisconsin, Inc., under s. 20.143 (1) (bm). The assessment shall address the goals and performance measures established pursuant to sub. (3) (b).
125,50
Section
50. 560.10 of the statutes is repealed.
125,51
Section
51. 560.11 (1) (b) of the statutes is repealed.
125,52
Section
52. 560.13 (7) of the statutes is repealed.
125,53
Section
53. 560.137 (1) (a) of the statutes is repealed.
125,54
Section
54. 560.137 (1) (b) of the statutes is renumbered 560.138 (1) (at).
125,55
Section
55. 560.137 (1) (c) of the statutes is repealed.
125,56
Section
56. 560.137 (2) (a) (intro.) of the statutes is repealed.
125,57
Section
57. 560.137 (2) (a) 1. of the statutes is renumbered 560.138 (2m) (a).
125,58
Section
58. 560.137 (2) (a) 2. of the statutes is renumbered 560.138 (2m) (b).
125,59
Section
59. 560.137 (2) (bm) of the statutes is repealed.
125,60
Section
60. 560.137 (2) (c) of the statutes is repealed.
125,61
Section
61. 560.137 (2) (d) of the statutes is repealed.
125,62
Section
62. 560.137 (2) (e) of the statutes is repealed.
125,63
Section
63. 560.137 (2) (f) of the statutes is repealed.
125,64
Section
64. 560.137 (3m) of the statutes is renumbered 560.139 (3).
125,65
Section
65. 560.138 (2m) (intro.) of the statutes is created to read:
560.138 (2m) (intro.) Subject to subs. (3) and (4), from the appropriations under s. 20.143 (1) (ig) and (kj), the department may do all of the following for the purpose of improving the profitability of a qualified business that has been negatively impacted by the existence of a casino:
125,66
Section
66. 560.138 (3) of the statutes is amended to read:
560.138 (3) As a condition of approval of a grant or loan under this section, the department shall require that a qualified business provide matching funds for at least 25% of the cost of a project. The department may waive the requirement under this subsection if the department determines that the qualified business is subject to extreme financial hardship.
125,67
Section
67. 560.138 (5) of the statutes is renumbered 560.138 (5) (a).
125,68
Section
68. 560.138 (5) (b) of the statutes is created to read:
560.138 (5) (b) The department may forgive all or any part of a loan made under this section.
125,69
Section
69. 560.139 (3) (title) of the statutes is created to read:
560.139 (3) (title) Grants and loans for Oneida small businesses.
125,70
Section
70. 560.14 (3) (c) 8. of the statutes is amended to read:
560.14 (3) (c) 8. Whether the business incubator or technology-based incubator is or will be located in an area that has been designated as a development zone under s. 560.71, a development opportunity zone under s. 560.795 or an enterprise development zone under s. 560.797.
125,71
Section
71. 560.14 (3m) of the statutes is repealed.
125,72
Section
72. 560.155 (2) (b) 3. of the statutes is repealed.
125,73
Section
73. 560.155 (4) of the statutes is repealed.
125,74
Section
74. 560.155 (5) of the statutes is created to read:
560.155 (5) In deciding whether to award a grant under this section, the department may not consider any factor or characteristic of the business other than the criteria established under subs. (1) and (2).
125,75
Section
75. 560.17 (5r) of the statutes is repealed.
125,76
Section
76. 560.17 (6m) (a) of the statutes is renumbered 560.17 (6m) and amended to read:
560.17 (6m) Except as provided in par. (b), in order to To receive a grant or loan under this section a person or business shall contribute cash, from a source other than the state, in an amount that equals at least 25% of the total cost of the project.
125,77
Section
77. 560.17 (6m) (b) of the statutes is repealed.
125,78
Section
78. 560.17 (7) (a) of the statutes is amended to read:
560.17 (7) (a) Except as provided in par. (am), the department shall designate staff to evaluate applications for grants or loans and assist the board under this section. The board shall act on an application for a grant or loan at its next regularly scheduled meeting after the department determines that the application is complete, except that the board shall act on an application for a loan under sub. (5r) and advise the applicant of its decision within 45 days after the department determines that the application is complete.
125,79
Section
79. 560.205 (3) (c) of the statutes is repealed.
125,80
Section
80. 560.29 (3) of the statutes is created to read:
560.29 (3) Department reporting requirements. The department shall include in the report required under s. 560.01 (2) (am) all of the following:
(a) The total amount of certified capital investments made, by calendar year, since July 1, 1999.
(b) Statistical information on the qualified investments made by certified capital companies during the previous 2 calendar years.
(c) The department's assessment of the number of jobs created in this state during the previous 2 calendar years as a result of qualified investments made by certified capital companies under this section.
125,81
Section
81. 560.42 (5) of the statutes is repealed.
125,82
Section
82. 560.52 of the statutes is repealed.
125,83
Section
83. 560.55 of the statutes is repealed.
125,84
Section
84. 560.607 (2) of the statutes is repealed.
125,85
Section
85. Subchapter VII (title) of chapter 560 [precedes 560.80] of the statutes is amended to read:
CHAPTER 560
SUBCHAPTER VII
MINORITY BUSINESS EARLY PLANNING AND DEVELOPMENT PROJECTS
grants and loans
125,86
Section
86. 560.80 (3m) of the statutes is amended to read:
560.80 (3m) "Education and training project" means a business education and training program for minority group members and minority businesses that have received loans for working capital from an eligible recipient under s. 560.837 (1) (b) 560.82 (1m) (e).
125,87
Section
87. 560.80 (4) of the statutes is amended to read:
560.80 (4) "Eligible development project costs" means costs that, in accordance with sound business and financial practices, are appropriately incurred in connection with a development project, but does not include entertainment expenses or expenses incurred more than 6 months before the board approves a grant or loan under s. 560.83 560.82 (1m) (b).
125,88
Section
88. 560.80 (5) of the statutes is renumbered 560.80 (5) (intro.) and amended to read:
560.80 (5) (intro.) "Eligible recipient" means a person who is eligible to receive a grant under s. 560.82 (5) (a) or 560.837 or a grant or loan under s. 560.83 (5) (a) or (b). any of the following:
125,89
Section
89. 560.80 (5) (a) and (b) of the statutes are created to read:
560.80 (5) (a) An individual who is a minority group member and a resident of this state.
(b) A minority business.
125,90
Section
90. 560.80 (5) (c) of the statutes is created to read:
560.80 (5) (c) A person who is eligible to receive a grant under s. 560.82 (1m) (d) or (e).
125,91
Section
91. 560.80 (5m) of the statutes is amended to read:
560.80 (5m) "Finance project" means financial assistance to a minority group member or a minority business described in s. 560.837 560.82 (1m) (d) and (e).
125,92
Section
92. 560.81 (title) of the statutes is repealed.
125,93
Section
93. 560.81 (intro.) of the statutes is renumbered 560.82 (1g) and amended to read:
560.82 (1g) The department shall make a grant or loan to an eligible recipient or local development corporation under this subchapter section if any of the following apply: the board awards a grant or loan to the eligible recipient or local development corporation under sub. (1m).
125,94
Section
94. 560.81 (1) to (4) of the statutes are repealed.
125,95
Section
95. 560.82 (title) of the statutes is amended to read:
560.82 (title) Minority business early planning grants and loans.
125,96
Section
96. 560.82 (1) of the statutes is renumbered 560.82 (1m) (intro.) and amended to read:
560.82 (1m) (intro.) Subject to s. 560.84, the department The board may award a grant or loan under this section to an any of the following:
(a) Subject to s. 560.84, an eligible recipient, as defined in s. 560.80 (5) (a), to fund an early planning project.
125,97
Section
97. 560.82 (1m) (b) and (c) of the statutes are created to read:
560.82 (1m) (b) Subject to s. 560.84, an eligible recipient or local development corporation that submits application materials in a form specified by the department by rule to fund eligible development project costs.
(c) A local development corporation to make grants or loans under sub. (2g) (a) 1. or to fund a revolving fund program under sub. (2g) (a) 2.
125,98
Section
98. 560.82 (2) (intro.) of the statutes is amended to read:
560.82 (2) (intro.) The department
board may not award a grant or loan under sub. (1)
(1m) (a) unless the eligible recipient, as defined in s. 560.80 (5) (a), submits an application, in a form required by the department, that contains or describes all of the following:
125,99
Section
99. 560.82 (3) (intro.) of the statutes is amended to read:
560.82 (3) (intro.) An eligible recipient, as defined in s. 560.80 (5) (a), who receives a grant or loan under sub. (1) (1m) (a) or s. 560.835 (6), 2001 stats., may only use the proceeds of the grant for the following purposes:
125,100
Section
100. 560.82 (4) (intro.) of the statutes is amended to read:
560.82 (4) (intro.) In any fiscal biennium, the department The board may not do any of the following:
125,101
Section
101. 560.82 (4) (a) (intro.) of the statutes is amended to read:
560.82 (4) (a) (intro.) Award in a fiscal biennium, for grants or loans under sub. (1) (1m) (a), more than 25% of the total of all of the following:
125,102
Section
102. 560.82 (4) (a) 2. of the statutes is amended to read:
560.82 (4) (a) 2. The lesser of the funds received in a fiscal biennium in repayment of grants or loans under s. 560.83, 2005 stats., and this section or the funds appropriated for the fiscal biennium under s. 20.143 (1) (im).
125,103
Section
103. 560.82 (4) (b) of the statutes is amended to read:
560.82 (4) (b) Award, in a fiscal biennium to any one eligible recipient, as defined in s. 560.80 (5) (a), or for any one early planning project, grants or loans under sub. (1) (1m) (a) that total more than $15,000.
